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$ 930,000
Est. payment | /mo
4,300 SqFt
$ 930,000
Est. payment | /mo
4,300 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 4,300 sqft
Price per Sqft $216
MLS Listing ID 12441105
Year Built 1984
Annual Tax Amount $45,336
Tax Year 2023
Lot Dimensions 125 X 132
Property Sub-Type Retail/Stores
Property Description
(Part of a 3-property portfolio that can be sold together or separately) Net-leased investment property for sale featuring the successful S2 Express Grill, known for its culinary excellence and vibrant presence in the Chicagoland area. Operating 11 flourishing restaurants. A net-leased investment offers virtually no landlord responsibility, providing an attractive prospect for investors. The lease, initiated on January 1, 2020, includes a 10% rental increase on June 1, 2028, with a 10-year renewal option featuring a 10% bump upon renewal and an additional 10% increase on 6/1/2038. Founded in 2019 by Andre and Suheir Williams, S2 Express Grill has established itself as an extension of the popular S2 Ultra Bar in Calumet Park, IL, reflecting a dynamic and successful culinary journey.
Location
State IL
County Cook
Area Chi - Calumet Heights
Zoning RTAIL
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores
Level or Stories 1
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Listed by Adam Haleem • Network Property Managment LLC
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Alan Berlow
REALTOR | Lic# 475125930